Best Real Time Datafeed (RTD) in India - AlgoJi

The best real time datafeed depends upon many technical factors. To understand the technical details, read the article below. If you  are just looking for a recommendation for good RTD, it is recommended to do a google search and test various services using a free trial.

Sources of Real Time Datafeed

NSE RTD is available usually through three channels- either by DotEx (an NSE subsidiary), directly from NSE via TAP server or at co-located server rack. There are two primary source for RTD- Data vendors and Brokers.

Data Vendors receive data from DotEx through leased lines, may store it on their own server, then normalize/filter and pass the data to client machine. Some of the authorized data vendors are Globaldatafeeds, Reliable, Spider, Icharts, Tickerplant etc.

Brokers receive data from NSE server via TAP server which is located in their premises. TAP facilitates IT Infrastructure consolidation and routes the orders and trades between Client and NSE Server in an optimized protocol. Brokers currently providing RTD are Sharekhan, Zerodha, MasterTrust and Tradegini.

Sources of Tick Data

Sorry to disappoint, but the above two sources do not provide true tick-by-tick (TBT) data. TBT data includes each and every L.T.P. (traded price) and is available only at NSE co-lo servers. The TBT data is not available at TAP Server or through DotEx for further broadcast.

The broker’s TAP servers receive filtered data, typically one tick every millisecond for Nifty Futures. The broker’s server further filters the data to reduce bandwidth requirements and then passes to client machine.

Comparatively, the data received by data vendor has still less ticks then TAP server. Similar to the broker’s server, the data vendor may also filter it again before passing down to clients.

rtd

The quality of data will depend upon 1) the Broker’s or Vendor’s server, and 2)Your own internet connection. Generally a broker may be able to provide better datafeed than a data vendor, but there is no way to ascertain this other than testing on your own computer. Both sources apply a data filtration algo to reduce the size of data for transmission over internet. Because of this filtration, different sources may broadcast slightly different ticks and the live ticks may also lag in at different time of the day. Neither your broker, nor your vendor, is likely to be generous in disclosing their server infrastructure and filtration technique.

Examples of data filtration

  • Broadcasting a tick only when it is different from previous tick
  • Broadcasting max n number of ticks per second
  • Broadcasting max n per second number of elements inclusive all data arrays like bid, bid size, %Change, change etc.
  • Retaining redundant data like vwap, total volume
  • Testing the download speed to client and adjusting broadcast data accordingly

Importance of Data Plugin Dll

The proper method of feeding live data to Amibroker requires integrating the data application with Amibroker using a data plugin dll. Most cheap data vendors and some brokers do not feed data using a proper dll. this results in poor quality dtaa, poor quality Amibroker performance and we all as poor quality user experience. All NSE authorized data vendors and MasterTrust provides Amibroker feed through a properly data plugin only.

You need to keep all above factors in mind when selectign data source for Amibroker!

Recommended Data Vendor

We recommend TrueData (www.truedata.in) for following reasons:

  1. NSE Authorized data vendor
  2. Data plugin dll for Amibroker
  3. API for fetching data in Python/Node.js
  4. Integration plugins for 7 other TA software

 

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